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DaimlerChrysler Selects The Bank of New York

18 November 1998

DaimlerChrysler Selects The Bank of New York as U.S. Agent for Registered Shares

    NEW YORK, Nov. 17 -- The Bank of New York today announced its
appointment as US shareholder servicing agent for the registered shares of
DaimlerChrysler AG.  The shares will begin trading on the New York and
Frankfurt exchanges on November 17, 1998.  The NYSE symbol is .
    The merger of Daimler-Benz AG, the largest industrial group in Germany and
Chrysler Corporation, the third-largest automotive group in the US, into
DaimlerChrysler AG will create the world's fifth-largest automobile
manufacturer, measured by auto sales.  The new company will design,
manufacture and market automobiles.  Its non-automotive activities include
aerospace, financial services, information technology and telecommunications
services, rail systems and diesel engines.
    The Bank of New York was founded in 1784 by Alexander Hamilton and is the
nation's oldest bank operating under its original name.  It is the principal
subsidiary of The Bank of New York Company, Inc. .  With total
assets of over $63 billion as of September 30, 1998, the Company provides a
complete range of banking and other financial services to corporations and
individuals worldwide through its six basic businesses:  Securities Servicing
and Cash Processing; Corporate Banking; Asset Based Lending; Trust, Investment
Management and Private Banking; Retail Banking; and Financial Market Services.
Additional information on the Company is available at http://www.bankofny.com.